Vast majority of U.S. homes are unaffordable to the average buyer
As the spring homebuying season approaches, affordability is at its lowest point in history, one economist said.
Watch CBS News
As the spring homebuying season approaches, affordability is at its lowest point in history, one economist said.
Federal officials say Sean Tissue faces a maximum of 20 years in prison for wire fraud and five years for bankruptcy fraud.
A Ferndale home has hit the market, and let's just say, this one is unique.
Buyers are getting squeezed by higher real estate prices and soaring mortgage rates, which could force more out of the market.
The Cleveland, Ohio-based home was last bought on eBay in 2004, but has undergone a "massive renovation" since.
Though housing prices have soared in many parts of the country, and inventory is way down, real estate sales may still be stronger in 2021.
Uri Rafaeli is a retired engineer who lost his home for not paying his property taxes in full. He owed $8.41, and yes that is correct, he lost his home for about the price of a movie ticket.
What should be a high right now in the housing market, Detroit is leading the nation in the decline of home sales.
The website Insurify just released a list of the up and coming cities across the country who have the most promise for home values. The city in Michigan that made the list you might find surprising.
As they say, in real estate it's all about location. A tiny little shack next to a landfill may be worthless, but on Malibu Beach could be worth millions. Detroit rated highest in America in what $250K buys in square footage compared to other cities across America.
Curious just how far your dollar goes in Detroit? We've rounded up the latest places for rent to get a sense of what to expect when it comes to locating apartment rentals in Detroit with a budget of up to $900/month.
Curious just how far your dollar goes in Detroit? We've rounded up the latest places for rent to get a sense of what to expect when it comes to locating affordable apartments in Detroit for a budget of up to $1,000/month.
We've rounded up the latest places for rent to get a sense of what to expect when it comes to locating affordable apartments in Detroit if you've got a budget of up to $1,200/month.
The priciest rental listing on the market in Detroit costs $3,240/month. As absurd as it may seem, it's not the only high-end listing in the city. But what glamorous features do renters get for these exorbitant prices?
According to rental site Zumper, median rents for a one-bedroom in Detroit are hovering around $675. But how does the low-end pricing on a Detroit rental look these days — and what might you get for the price?
Curious just how far your dollar goes in Detroit? We've rounded up the latest places for rent to get a sense of what to expect when it comes to scoring affordable apartments in Detroit if you're on a budget of up to $900/month.
The uncertainty of COVID-19 and Governor Whitmer's Executive Orders shutting down the state have hit the Metro Detroit real estate market hard. However not in ways one would expect.
Curious just how far your dollar goes in Detroit? We've rounded up the latest places for rent to get a sense of what to expect when it comes to affordable apartments in Detroit for a budget of $1,300/month on rent.
So how does the pricing on a Downtown Detroit rental look these days — and what might you get for your money?
Curious just how far your dollar goes in Detroit? We've rounded up the latest places for rent to get a sense for locating apartment rentals in Detroit if you don't want to spend more than $1,400/month on rent.
Need a budget-friendly new spot? We took a look at local listings for studios and one-bedroom apartments in Detroit to find out what budget-minded apartment seekers can expect to find.
Curious just how far your dollar goes in Detroit? We've rounded up the latest places for rent to get a sense of what to expect when it comes to finding apartments in Detroit if you're on a budget of up to $900/month.
Curious just how far your dollar goes in Detroit? We've rounded up the latest places for rent via rental sites Zumper and Apartment Guide to get a sense of what to expect when it comes to scoring affordable apartments in Detroit if you don't want to spend more than $2,400/month on rent.
Curious just how far your dollar goes in Detroit? Take a peek at what rentals the city has to offer, below. (Note: Prices and availability are subject to change.) We've rounded up the latest places for rent via rental sites Zumper and Apartment Guide to get a sense of what to expect when it comes to locating apartment rentals in Detroit if you've got up to $2,100/month earmarked for your rent.
What would life be like if money wasn't a concern? News flash: There are apartments on the market in Detroit for $3,390/month. Read on to explore just how select are the features, given these high prices. We took a peek at local listings in Detroit via rental websites Zumper and Apartment Guide to identify the city's most glamorous listings.
Surprise burst in hiring across the U.S. last month shows the labor market remains on solid ground.
Police are investigating a fatal pedestrian-vehicle crash Tuesday night in Taylor.
The House is set to vote Wednesday on the SAVE America Act, which would implement strict new requirements for registering to vote and casting ballots.
The owner of the Ambassador Bridge met with U.S. Secretary of Commerce Howard Lutnick hours before President Trump threatened to block the opening of the Gordie Howe International Bridge, the New York Times reported.
The Federal Aviation Administration changed course and said flights would resume after halting all air traffic into and out of El Paso.
The owner of the Ambassador Bridge met with U.S. Secretary of Commerce Howard Lutnick hours before President Trump threatened to block the opening of the Gordie Howe International Bridge, the New York Times reported.
Michigan Governor Gretchen Whitmer and Ontario Premier Doug Ford say they expect the bridge to still open on time.
Surprise burst in hiring across the U.S. last month shows the labor market remains on solid ground.
Police are investigating a fatal pedestrian-vehicle crash Tuesday night in Taylor.
The family of 25-year-old Tyler Bojanowski continued their search on Tuesday, one week after the Wyandotte, Michigan, man disappeared.
Union Vice President Laura Dickerson confirmed that the worker, TJ Sabula, "has no discipline on his record."
Some General Motors employees are taken aback by this year's profit-sharing checks, with it being $4,000 less than the previous one.
While many assume a "harsh" winter, or this bone-chilling, sustained cold, is the enemy of asphalt, the real culprit is temperature fluctuation.
In Metro Detroit, drivers are paying about $2.90 per gallon, which is 2 cents less than last week and 29 cents less than at the same time last year.
The winter storm that brought snow to Southeast Michigan on Sunday didn't stop car enthusiasts from leaving their homes for the final day of the 2026 Detroit Auto Show.
For the first time, a major U.S. automaker is putting a team up against the European giants of Formula One. Can Cadillac be a contender?
The 31-year-old Puerto Rican artist Bad Bunny took the stage on Sunday dressed in all white, donning a jersey with his last name, Ocasio, and the number 64.
Brad Arnold, the founder and lead singer of the 3 Doors Down has died following "his courageous battle with cancer," the rock band announced Saturday on social media.
Bad Bunny took the stage at halftime for the 2026 Super Bowl. Here's who else performed at Super Bowl 60.
Lead singer and frontman Dee Snider said he suffers from degenerative arthritis and has had several surgeries over the years.
Surprise burst in hiring across the U.S. last month shows the labor market remains on solid ground.
The House is set to vote Wednesday on the SAVE America Act, which would implement strict new requirements for registering to vote and casting ballots.
The owner of the Ambassador Bridge met with U.S. Secretary of Commerce Howard Lutnick hours before President Trump threatened to block the opening of the Gordie Howe International Bridge, the New York Times reported.
The Federal Aviation Administration changed course and said flights would resume after halting all air traffic into and out of El Paso.
Michigan Governor Gretchen Whitmer and Ontario Premier Doug Ford say they expect the bridge to still open on time.
Officials announced eligibility for mothers and babies in the city of Detroit.
Two Metro Detroit representatives are among those sponsoring a bill that calls for a 32% tax on any wireless device purchased for someone age 17 and younger.
The Oakland Community Health Network will now be taking over that responsibility amidst a financial dispute between the two organizations.
Legionella testing at Oakland County government facilities has detected the bacteria in the water systems of two additional buildings.
When the temperatures plummet, and the snow starts piling up, most of us have the same instinct: retreat indoors, crank up the heat, and get cozy.
Two days after the confetti fell on Levi's Stadium in Santa Clara, California, one Detroit native is still processing the weekend of a lifetime.
The GameAbove Sports Bowl, which is hosted annually by Ford Field, will be canceled ahead of the 2026 season, the venue announced on Tuesday.
The Detroit Tigers announced Tuesday that they signed Justin Verlander, a 42-year-old free agent, to a one-year, $13 million deal.
A fight broke out between the Detroit Pistons and Charlotte Hornets in the third quarter of Monday night's game, and four players were ejected.
Cade Cunningham had 33 points and nine rebounds, and the Detroit Pistons hung on to beat Charlotte 110-104 on Monday night, snapping the Hornets' nine-game winning streak in a wild game that included a fight and four player ejections.
The roundtable discusses the impact of the high-profile game for advertisers, including Detroit-based Rocket and Redfin.
Could a new entertainment tax and a new sales tax be ahead for the Motor City?
As the 2026 Detroit Auto Show wraps up Sunday, the roundtable discusses the signature event and standout moments from the past two weeks.
Penske and Reuss address a wide range of critical issues for Detroit, Michigan and the nation.
Huntington Place CEO Bryan Crowe and his team have been preparing to welcome hundreds of thousands of visitors to the Detroit Auto Show this week.
Lake Erie was nearly frozen over - then a 100-mile crack developed in the ice. Here's a look at what residents and authorities in the Cleveland, Ohio, area are noticing.
The U.S. Department of Justice has allowed more names and details to be found in the Jeffrey Epstein files.
A frost quake resulted in property damage in St. Clair Shores. The search continues for a missing Wyandotte man. Other top stories and weather.
The investigation into the whereabouts of Nancy Guthrie in Arizona led to one person being detained in connection with the case - but he has since been released. CBS News has this report
Authorities say at least nine people are dead, with 25 others injured, after a shooting in the Canadian province of British Columbia.